Jul 29 2013
LondonMetric has conditionally exchanged contracts on the sale of One Fleet Place, London EC4, for £112.5 million to One Fleet Place Realty Limited, a wholly owned subsidiary of a Far Eastern multinational corporation. The sale price reflects a net initial yield of 5.1% and a premium over March 2013 book value of 3.2%. The disposal is conditional on freeholder consent and is expected to complete on 5 September 2013.
The full announcement can be found in the attached file.
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